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I assume you are preparing K-1 for a Trust or an Estate. You report the same income you would report on a individual tax return. This would include Dividends, Interest Income, Capital Gains Distributions, and Long & Short Term Capital Gains/Losses. And yes, the beneficiary(s) is who you prepare the K-1(s) for.
I assume you are preparing K-1 for a Trust or an Estate. You report the same income you would report on a individual tax return. This would include Dividends, Interest Income, Capital Gains Distributions, and Long & Short Term Capital Gains/Losses. And yes, the beneficiary(s) is who you prepare the K-1(s) for.
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